The Federal Government has reinforced its dedication to ensuring that mining activities in Nigeria are conducted in a sustainable and responsible manner, in line with both national and global environmental standards. In a statement released on September 30, 2024, and signed by the Deputy Director (Information & Public Relations), Alaba Balogun, the government pledged to
Nigeria to Acquire More Lead Detection Equipment – Alake
The Federal Government plans to acquire additional equipment to detect lead in communities affected by lead poisoning, according to the Minister of Solid Minerals Development, Dr. Dele Alake. Dr. Alake revealed this while reviewing an exhibition on the lead campaign at the Lead-Free Future event, organised by the United Nations Children’s Fund (UNICEF) and the
Osun State Pursues N3.2 Billion in Unpaid Taxes from Segilola Gold Project
The Osun State Government has stated its determination to recover N3.2 billion in unpaid taxes from the Federal Government, which has yet to remit the sum to the state’s coffers. This announcement was made on Thursday by the state government, which warned that it would take all necessary actions to retrieve the owed amount. The
Nigerian Firm Secures Namibia’s Largest Diamond Mining Contract
Nigerian-based Alpha Petroleum has won Namibia’s largest diamond mining contract and will begin operations on October 1, 2024. The contract was awarded by NAMDEB, a joint venture between the Namibian government and De Beers Group. This marks Alpha Petroleum’s first major contract in Namibia. Valued at $200 million, the agreement grants the company rights to
Nigerian Mining Sector Sees 110% Increase in CIT Collections in Q2 2024
The National Bureau of Statistics (NBS) has reported that total Company Income Tax (CIT) collections reached ₦2.47 trillion in Q2 2024, reflecting a remarkable 150.83% increase from ₦984.61 billion in the previous quarter. This surge is largely due to local payments of ₦1.35 trillion and foreign CIT contributions of ₦1.12 trillion. Notably, the mining and
NEXIM, SEC, SMDF to Lead Geological Society’s Mining Roundtable
Fatima Shinkafi, Executive Secretary of the Solid Minerals Development Fund (SMDF); Abubakar Bello, CEO of the Nigerian Export-Import Bank (NEXIM); and Emomotimi Agama, Director General of the Securities and Exchange Commission (SEC), will spearhead discussions at the Geological Society of Nigeria (GSN) Round Table 2.0. This event is organised to address the financing challenges in